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Charles Hoskinson Addresses Return of Cardano “Ghost Chain” FUD

Sat, 08/27/2022 - 19:21
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Yuri Molchan
IOG founder says that “Ghost chain” FUD about Cardano chain is back, being spread by influencers
Charles Hoskinson Addresses Return of Cardano “Ghost Chain” FUD
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Charles Hoskinson has taken to Twitter to inform his army of followers that the consequences of headlines about the Cardano testnet being “catastrophically broken” have come to a new level.

“Fud-spreaders talking about the “ghost chain” again”

The IOG founder stated that this misinformation is now being propagated to large masses of people by social media influencers.

In particular, he shared a tweet which shows a TikTok video with a guy who has over 600,000 followers and he is talking about Cardano, saying that people are starting to lose faith in this blockchain.

The TikToker claims that “for a project that has a market cap as high as it has, Cardano does not have much to show for it”.

The guy points out that the vision of Cardano team is great but they are not building anything.

Finally, the “influencer” claimed that Solana is a “much more functional blockchain and a much more functional platform than Cardano has ever even gotten close to being”.

Hoskinson sadly tweeted that influencers are now spreading shallow information to “massive networks of people” and what was recently called a “catastrophic bug” for Cardano is now again paired with “ghost chain”, i.e. accusations that poured onto Cardano earlier this year, stating that there is nothing being developed on this platform.

Hoskinson stated that these “30 seconds of lies” were published for the sake of engagement farming. He also reminded some commentators about Cardano achievements made by this year:

Related
Cardano Users Can Now Track Vasil's Progress in Real Time on This Newly Launched Platform: Details

“Catastrophic bug” of Cardano

Ten days ago, a prominent Cardano developer Adam Dean spread the word on Twitter about a recently discovered bug, which made the Vasil node 1.35.2 “catastrophically broken”. This tweet sparkled a heated debate within the community and some began accusing Cardano, saying that having such bugs before a testnet launch is unacceptable for a chain as prominent as Cardano.

About a week ago, the same developer tweeted that Cardano chain was stronger and better than ever, while Cardano pool operator, Andrew Westberg announced that the earlier spotted bugs were successfully fixed.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.